Stock Market & Financial Investment News

athenahealth price target lowered to $90 from $120 at OppenheimerOppenheimer reduced its price target on athenahealth after the stock dropped following David Einhorn's pessimistic presentation about it. Oppenheimer believes that the company's margins are "structurally disadvantaged" versus those of pure software as a service companies. The firm keeps an Underperform rating on the stock.

athenahealth selected by NewYork-Presbyterian Physician Services OrganizationNewYork-Presbyterian announced earlier a new collaboration with athenahealth. NewYork-Presbyterian, through its Physician Services Organization, will provide the NewYork-Presbyterian Medical Groups management of their physician practices via implementation of athenahealth's electronic health record, practice management, and patient engagement services for more than 800 physicians and an additional 300 licensed professionals. Initial deployment of athenahealth services will begin at NewYork-Presbyterian Medical Group/Hudson Valley, NewYork-Presbyterian Medical Group/Queens, and NewYork-Presbyterian Medical Group/Westchester with future implementation to follow in Brooklyn and other areas in the region.